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Geneva (Switzerland)

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Registering a company in Geneva (Switzerland) in 2020

Benefits of doing business in this jurisdiction are:

  • One of the most developed cantons of Switzerland; 
  • A kudos;
  • A developed financial structure and a banking;
  • The ability to use minimum tax rates;
  • The ability to open a corporate account remotely.

A business registration costs from 5300 €

A company registration period is from 3 weeks

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Geneva is the capital of the Swiss canton of the same name, located in South-West Switzerland. The city is located between the Alps and the Jura Mountains at the southern tip of the wide Lake Geneva.

If you are interested in registering a company in the Canton of Geneva and open a bank account in Geneva, then you should know the following:

  • The area of ​​the canton is 282 m², including enclaves of the Selinha of the canton of Vaud;
  • The population of the Canton of Geneva is more than 490 000 people, and the population of city is over 2 500 people, 48% of which are foreigners. Here lives the largest number of millionaires after Monaco;
  • As the headquarters of the Red Cross, as well as 34 international organizations, Geneva is a global diplomatic and banking centre;
  • The city of Geneva is considered as the cultural, economic, and even political capital of the region.

To find out more, please request for personal advice on business registration process in Geneva from qualified IQ Decision lawyers.

Business advantages

Those, who are planning to register a company in the Canton of Geneva, can choose the following most popular business lines:

  • Any activity related to Swiss watches: here are the production of world-famous brands, for example Rolex;
  • The leading industry is the service sector: transport, communications, tourism, healthcare. A special point is international trade: the headquarters of transnational corporations are situated here;
  • If you want to set up a company in Geneva, take into account that finance and private banking are Switzerland's strengths;
  • Production of flavors and fragrances;
  • Exhibition services for "Geneva Motor Show";
  • Manufacturing and construction;
  • A new direction is the import of garbage for recycling into electricity by the incinerator Le Chenouvier.

It is also profitable to register a company in Geneva and open a corporate bank account in Geneva, because it is an international financial center. Almost every worldꞌs major production and trading corporation seeks to open a European headquarters in Geneva: Hewlett-Packard, SGS, Caterpillar, Japan Tobacco International, Cargill, Mediterranean Shipping Company, Procter & Gamble, Oracle and others.

For more information, please ask for individual advice on company registration procedure in Switzerland and legal support services on account opening in Geneva, obtaining a business license and other related matters from IQ Decision experts.

Legal forms

Registering of GmbH in the canton of Geneva is the most common option for non-residents*. The second most important legal form is AG with an average corporate tax rate of 18,4%. The branches are taxed at the same rate.

Holding companies are subject to 9,2 %, and there is no corporate tax for LLP, RO, and Charitable foundations.

* It should be borne in mind that at least 1 director must be a resident.

Read also:

How to register a GmbH in Geneva?

The minimum share capital is 20 thousand francs (the minimum share is 100 CHF). The share capital may belong to non-residents, a person can be both legal entity or an individual.

If the company has less than 10 employees, an audit is not required. A report is submitted every year.

Preparation of documents

In order to set up a company in Switzerland, you will need to provide us with the package of documents.

  1. For individuals:

  • Copy of the passport of the country of residence;
  • Copy of the foreign passport;
  • Confirmation of tax resident status.
  1. For legal entities:

  • Originals of constituent documents or copies with notarization and apostille;
  • Copy of the passport of the country of residence;
  • Confirmation of tax resident status.

Read also:

Tax regime

If you want to open a company in Geneva, note that in terms of tax loyalty, Switzerland ranked 20th in the world ranking. The Canton of Geneva is an expensive canton, both in terms of residence and in terms of taxation:

  • Corporate tax rate in Geneva: 10%;
  • Income tax rate in Switzerland: 8.5%;
  • Value added tax: 8%. Companies with annual turnover below 100 000 CHF are not subject to VAT.
  • Personal income tax in Geneva: 19%.

Also, you have an opportunity to pay minimum taxes. To learn more, please ask for an appointment with IQ Decision lawyers.

How to open your own business in the Canton of Geneva?

Our company will provide you with legal support services on account opening in Geneva. With the help of IQ Decision experts, you can open a corporate account in a Swiss bank remotely, register a company in Geneva remotely in two weeks or in one day with a personal visit.

The corporate account can be opened both in local francs and in EUR or USD in any bank in Geneva, except Berner Kantonalbank and Valiant, because these banks do not providing their services for non-residents.

For more information, please call our office and request for personal advice on business organization process in Switzerland.

The information outlined in the article is actual at the time of its publication. Please refer to our specialists for checking possible solutions for your business.